Cheyne Capital has sent in senior experts to turn Press Up around. A forensic investigation of the hospitality group's financial structures examines if there is still time.
Businessman Paddy Doherty quietly made a fortune founding the Electro Automation Group. In April he bought his first gastropub in suburban Dublin, and now he is buying a second.
Accounts filed for the Workman’s Club give an insight into the performance of well-known bars, primarily in Dublin, including Peruke & Periwig on Dawson Street, Mary’s Bar off Grafton Street, and the Workman’s Club in Temple Bar.
The group, controlled by Paddy McKillen junior and Matt Ryan, is one of the country’s largest hospitality operators. It has filed accounts for three companies that offer an insight into the performance of its hotel interests.
Five Irish restaurants pulled down the shutters in the first two days of the year and experts say two a week could close this year. Yet, planning applications for new eateries continue to surge. Is it simply healthy competition, or have we reached peak restaurant?
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